Financial Performance - For the first quarter ending March 31, 2023, the total operating revenue was RMB 165,299,348.86, a decrease of 21.39% compared to RMB 210,283,134.20 in the same period last year[10] - The net profit attributable to shareholders was RMB 5,830,109.25, down 17.29% from RMB 7,048,446.92 year-on-year[10] - Basic and diluted earnings per share were both RMB 0.0058, a decrease of 25.64% from RMB 0.0078 in the same period last year[10] - Total profit decreased to ¥7,747,001.17 from ¥9,367,589.47, a decrease of approximately 17.3%[35] - The net profit for the current period is 5,830,109.25, a decrease of 17.3% compared to the previous period's net profit of 7,048,446.92[53] - The total comprehensive income for the current period is 2,527,097.10, down from 6,028,051.86 in the previous period, indicating a significant decline[54] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 1,799,404,576.67, representing a decline of 746.03% compared to RMB 278,533,354.86 in the previous year[10] - Cash received from sales of goods and services decreased to 85,608,196.33 CNY from 161,561,486.26 CNY, representing a drop of approximately 47%[62] - Cash received from interest, fees, and commissions was 65,749,803.32 CNY, down from 85,351,965.21 CNY, indicating a decrease of about 23%[62] - Total cash outflow from operating activities increased to 1,967,432,886.65 CNY, compared to 1,036,591,503.93 CNY in the previous period, reflecting a rise of approximately 90%[62] - Cash and cash equivalents decreased from approximately ¥6.35 billion to about ¥4.46 billion, with client margin deposits also declining significantly[32] - The company's cash and cash equivalents are not explicitly detailed in the provided data, but the overall asset reduction suggests a tightening liquidity position[50] Assets and Liabilities - Total assets at the end of the reporting period were RMB 9,632,108,986.79, down 8.13% from RMB 10,483,928,699.73 at the end of the previous year[10] - Total assets decreased from approximately ¥6.35 billion at the beginning of the year to about ¥4.46 billion at the end of the reporting period[32] - Total liabilities decreased from 8,646,604,790.55 to 7,792,257,980.51, representing a decline of about 9.9%[51] - The company reported a decrease in deferred tax assets from 16,637,688.15 to 12,766,588.94, a decline of approximately 23.4%[50] Income and Expenses - Net commission income decreased by 41.42% to approximately ¥45.68 million from ¥77.98 million year-on-year, primarily due to declines in brokerage and asset management fees[25] - Brokerage fees fell by 41.40% to about ¥44.22 million compared to ¥75.47 million in the previous year, attributed to a reduction in trading volume and exchange fees[25] - Total operating expenses decreased to ¥157,808,971.54 from ¥200,976,500.39, a reduction of approximately 21.5%[35] - Other income decreased by 67.47% to approximately ¥42.98 million, primarily due to a decline in individual income tax refunds received during the reporting period[25] - Investment losses increased by 111.60%, reaching approximately -¥10.96 million, mainly due to losses from derivative financial instruments disposed of by a subsidiary[25] Equity and Shareholder Information - The equity attributable to shareholders increased slightly by 0.14% to RMB 1,839,851,006.28 from RMB 1,837,323,909.18 at the end of the previous year[10] - The total equity attributable to the parent company increased slightly from 1,837,323,909.18 to 1,839,851,006.28, indicating a marginal growth of 0.1%[51] - The company has maintained its share capital at 1,007,777,778.00, unchanged from the beginning of the year[51] Other Financial Metrics - The margin of futures margin deposits decreased by 31.16% to RMB 4,148,872,664.64, primarily due to a decline in client equity scale[24] - The receivable margin deposits increased by 57.06% to RMB 3,227,120,317.13, mainly due to an increase in settlement reserves held at the exchange[24] - The company reported a significant decrease of 98.26% in derivative financial assets to RMB 334,634.73, attributed to a reduction in the scale of options contracts held by a subsidiary[24] - Fair value gains increased significantly by 168.43% to approximately ¥23.98 million, driven by an increase in the fair value of financial assets held by the company[25] - Foreign exchange losses improved by 71.06%, amounting to approximately -¥115,910.74, as the company experienced reduced foreign exchange losses from currency fluctuations[25]
弘业期货(03678) - 2023 Q1 - 季度业绩